Park, Deahyeon; Ryu, Doo Jin - In: Journal of derivatives and quantitative studies 31 (2023) 2, pp. 162-171
This study analyzes small-sized asset owners' optimal choice problems in selecting an outsourced chief investment officer (OCIO). While large-sized asset owners can select OCIOs through procurement auctions, it is difficult for small-sized asset owners to use this method. Instead, they access...